Orocobre Limited (TSX:ORL,ASX:ORE) announced an update to second quarter 2011 company operations.

The press release is quoted as saying:

The Feasibility Study considered an initial annual production rate of 16,400 tonnes of battery grade lithium carbonate, with an option to produce annually 10,000 tonnes of potash within two years after the start of lithium carbonate production with a modelled project life of 40 years.

Click here to read the entire news release.